NFP Statement of Activities
Free CPA FAR (Financial Accounting & Reporting) lesson in Financial Reporting. 35 min read, ~5,270 words.
Two columns: net assets without donor restrictions and net assets with donor restrictions; each rolls forward beginning to ending, showing revenue, expenses, reclassifications, and the period change. Reclassifications (releases from restrictions) net to zero across the columns and never appear in the Total column; they are internal transfers, not revenue...
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What this lesson covers
- Content
- Example 1
- Example 2
- Example 3
- Example 4
- Example 5
- Example 6
- Example 7
- Example 8
- Common Mistakes
- Check Your Understanding
- Exam Shortcuts
Learning objectives
- I.B2
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